 Congratulations. There's nothing quite like being a homeowner. There is a sense of pride and accomplishment knowing that the place where you reside is yours. However, it's not quite yours, at least not yet. While you don't pay rent to a landlord, you still have a financial obligation. Each month you make a payment to the bank.
Wouldn't it give you a further sense of accomplishment if you could be debt free, sooner than you had planned? If you were faced with an increase of $50.00 in your rent, it's likely you'd find the funds somewhere. You'd go out for dinner less often. You'd buy fewer clothes. You could even take lunch to work. This simply strategy can also help you pay off the financial obligation on your home faster.
The Lawless Home Team has been recommending this simple mortgage-free, strategy for years. It has helped hundreds of families, like yourself, reach financial independence. It's this simple:
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The bank sends you a mortgage statement every year. The next time you receive this document, treat it like a notice from your landlord increasing your rent by $50.00 per month. Call the bank. Ask them to increase your mortgage payment by $50.00. This minimal amount applied towards the principal could see you paying off your mortgage within 10 years. And you probably won't even miss it. |
The more you can pay, the more often, the more you'll save. You may also want to make weekly or biweekly payments. This could take years off your mortgage, as you lessen the amount of interest accrued over the term. Increasing your monthly payment can also reduce interest and term. Some mortgages allow you to pay a lump sum towards the mortgage at a specified time.
The Lawless Home Team has been assisting home owners with timely, debt-reduction tips for years. Why not give them a call today, to help you experience the pride of homeownership. Just think of how you'll feel when your home is yours! No more banker! Call the Lawless Home Team now (780) 966-6997, or (780) 444-2844.
How to use your home to become debt free.
Debt Reduction Ideas |
